Odyssey Logistics & Technology Corporation recently named Keith A. Hancock chief executive officer.
Hancock most recently served as the company’s president of multimodal solutions and corporate development.
In addition, Odyssey’s board of directors appointed founder, and former president and CEO Robert H. Shellman as its chairman. He’ll also assist the board with long-term strategy, the company said. Shellman replaces retired Adm. Edward M. Straw as chairman of the board. Straw will continue to serve as an independent lead director.
Cosmo J. Alberico also was promoted to president and COO.
“As we emerge from the pandemic with demand at all-time highs across our business segments, I believe this is the optimal time to transition to a new CEO, and I have the utmost confidence in Keith to continue to drive Odyssey to new heights.” Shellman said.
Odyssey is a global provider of high-value logistics services and technology solutions that support diverse customer supply-chain requirements with “best-in-class” multi-modal transportation solutions. Since its inception in 2003, the company has grown by building synergistic business segments that serve specialty end-markets in which technical expertise, a strong track record, and strategic assets create strong barriers to entry.
Odyssey—the parent of Linden Bulk Transportation—is a portfolio company of The Jordan Company (TJC), a middle-market private equity firm that has managed funds with original capital commitments in excess of $18 billion since 1987.
“Keith has demonstrated a keen ability to drive organic growth and add to Odyssey’s global footprint through targeted acquisitions,” said Brian Higgins, a partner of TJC and member of the board. “We appreciate all of Bob Shellman’s efforts to bring Odyssey to this stage of growth and share his excitement about the company’s future under Keith’s leadership.”
Hancock joined Odyssey in 2010 through the acquisition of Capital Transportation Solutions (CTS) and served as president and CEO of CTS prior to assuming additional responsibilities on the corporate executive team of Odyssey. He was instrumental in Odyssey’s acquisition of AFF Global in 2018 and served as the first division president for the company, consolidating several business segments that specialized in freight forwarding services and solutions.
He also has been responsible for corporate strategy and development, and was instrumental in several acquisitions that were highly accretive, the company said.
“I am incredibly honored to assume the role of CEO for Odyssey, following in the footsteps of our founder Bob Shellman,” Hancock said. “I want to thank the board for its confidence in our leadership team and myself to identify and execute on opportunities to provide effective solutions for our customers’ logistics needs.
“I am particularly pleased that Cosmo Alberico has been promoted to president of Odyssey and I look forward to working with him and our talented employees worldwide.”